The Costs of an N26 Account - N26 Support Center (2024)

FAQs

How much does N26 cost? ›

It's free to open a standard account with N26. There's no minimum deposit, no monthly account fees, no charge on card payments worldwide and three free cash withdrawals per month for European customers in their country of residence.

N26 Standard—your free bank account

Get a free bank account and easily manage your money right from your smartphone. You'll get intuitive features like N26 Insights that give you more control over your finances, and push notifications for every transaction. Plus, enjoy 3 free ATM withdrawals per month within Germany.

Germany's financial supervisory authority issued a fine of 9.2 million euros (U.S. $9.6 million) against mobile bank N26 for “systematically” submitting late anti-money laundering (AML) reports in 2022.

Limited services. N26 is good for everyday banking, but it does not offer many investing options. If you want to invest your money, get a fancy credit card or get a mortgage, you need a traditional bank like Commerzbank, Deutsche Bank or Berliner Sparkasse. You don't need to have one bank for everything.

With the N26 Standard, N26 Business and Smart account, there's a fee of 1.7% of the withdrawal amount. This fee is waived for N26 You, Business You or N26 Metal and Business Metal members. Using your Maestro for ATM withdrawals. A €2 fee applies to both domestic or international withdrawals.

As a result, our product will no longer be available to customers in the US after January 18, 2022, and we will be closing all accounts. No other markets in which N26 operates will be impacted.

N26 (known as Number 26 until July 2016) is a German neobank headquartered in Berlin, Germany.

Top up in cash with CASH26

Generate a barcode in your N26 app, show it to the cashier at any participating N26 retailer, and then hand in your cash as you check out. Deposit up to €999 within 24 hours, with just a 1.5% service fee. No purchase required! Or use CASH26 to withdraw cash whenever you want—free of charge.

German digital bank N26 is shutting down its U.S. operations, less than two-and-a-half years after it launched in the country. N26's 500,000 American customers will no longer be able to use its app from Jan. 11, 2022, the company said in a statement Thursday.

Is N26 in trouble? ›

BERLIN, May 21 (Reuters) - Germany's financial regulator has imposed a fine of 9.2 million euros ($10.00 million) on online bank N26 after finding that the bank had in 2022 systematically been late in filing reports of suspected money laundering, BaFin said on Tuesday.

More than an app: A fully licensed bank

N26 is a fully licensed German bank. That means we have the same security regulations as any other bank. It also means your funds are protected up to €100,000 by the German Deposit Protection Scheme.

N26's losses increased by 24% to €213.4m in 2022, in part due to spending on regulatory compliance. But there are signs that the fintech, valued at $9bn at its last funding round, is turning things around. N26 managed to halve its losses to €100m in 2023.

Another way of doing this is by using other providers. You can go directly to them and set up a transfer to your N26 account details. These are the providers that will let you do so: Cash App, PayPal, Venmo, Zelle, Ingo Money, Apple Cash.

In simple terms, this means that N26—as a bank—needs to act in line with laws that exist to combat illegal activities such as money laundering, financing terrorism, tax fraud, and abusive or fraudulent use of the account. In these cases, access to an N26 account may be restricted, or the account may be closed.

First card when opening your account: 25€ Reordering your card: 30€ Extra N26 Smart/ You card: 30€

If you sign up for an N26 Standard account you'll get a virtual card for free (provided you have a one-time minimum balance of 10€ to activate the card). An extra virtual card is ideal for shopping online, giving you added peace of mind when sharing your card details on apps and websites.

With features like multi-currency support, loans, and investments, Revolut offers a broader range of financial services compared to N26. If you want more flexibility and greater control over your money, Revolut may be exactly what you're looking for.